407 13th St EGlencoeMN55336
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Glencoe at 407 13th St E, Glencoe, MN, 55336 offers a 8.49% rental yield on a $220,000 purchase with $1,557/mo rent. Total monthly income registers $1,557/mo, and a $1,077/mo payment leaves $183/mo available for distribution. Annual cash flow reaches $2,196/yr on $72,930 to close, and return on cash invested stands at 22.92% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,782 over five years. Portfolio math shows five-year ROI at 119.04% and total cumulative return in cash at $86,819. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,557/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55336, Glencoe, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,599 (100%) |
| Owner Occupied HU | 2,583 (71.8%) |
| Renter Occupied HU | 802 (22.3%) |
| Vacant Housing Units | 214 ( 5.9%) |
| Median Home Value | $279,570 |
| Average Home Value | $324,881 |
Housing Distribution
Address Breakdown
Residential
3,497
Single Family
3,062
Multi-Family
435
Businesses
277
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